China Financial Daily

September 22, 2008

Institution

Filed under: Financial News — Tags: , , — Nancy @ 7:28 pm -0700

Foreign institutions start up self-protection, The sale of the property market is greater than the desire to sell the property market hunters
Recently, several major foreign investment in the property market in a hurry “to ship” is eye-catching news. The industry pointed out that the “backyard fire” and expected changes in the interest of foreign hunters were apparently not strong than own goal of the rescue.

The appointment of the State Council, Liu Pingjun, as the deputy director of AQSIQ
Xinhua news: Beijing on September 22nd, there was a appointment and removal of the national State Council staff.

U.S. House Speaker: Congress will not sign a blank check of 700 billion dollars
U.S. House of Representatives Speaker Pelosi (Nancy Pelosi) on 21st, said, on the U.S. Government’s financial rescue of the motion, Congress will not issue Wall Street “a blank check.”

Central bank: Chinese-funded bank related to second loan funds or not more than 10 billion dollars
People’s Bank of China Deputy Governor Ma Delun, recently wrote an article to point out that the U.S. second loan crisis has no great China’s direct impact. He said that China’s international bank transactions was big and related to the loan may not be more than 10 billion dollars.

China’s central bank reported that 7% of townships were the non-township financial institutions
Last weekend, “China’s rural financial services report” which the People’s Bank of China rural financial services research team wrote, released. That is the first time the central bank issued specifically for financial services in rural areas.

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September 21, 2008

Industry Cover

Filed under: Financial News — Tags: , , , , — Nancy @ 8:30 pm -0700

Cai Minyong: Shanghai Co-production will use the property rights market to attract investment
Shanghai United Assets and Equity Exchange president, Cai Minyong, said, that in order to effectively promote SME financing and speed up the pace of the industrial structure adjustment of the layout of the Yangtze River Delta, they will explore the use of the property market to attract multi-investment and facilitate the development of small and medium enterprises.

Listed Companies hold mass message: 300 central enterprises are in full swing
The policy space of holdings of listed companies of major shareholders has never been so loose. Securities and Futures Commission to allow “first do, then say.” SASAC make it clear that it supports and proposes for the financial cooperate.

Signs of a decline in the property market, and experts call for the second suite of “free”
Chill the property market is getting stronger, the industry put out a call for the city’s policy of mind more and more urgent. Chinese residential real estate, Vice President of Research, the Ministry of Construction of housing and urban and rural housing policy, Gu Changyun attend the “national real estate market and corporate countermeasures” in Shanghai.

Gome of Beijing has a price difference compensation near a million for a year, Gome assumes the compensation
Reporter learned from Gome of Beijing, yesterday, that since the sincere service implement of“the price difference 19 days of compensation”for one year, Gome has give consumers compensation near to 991,300 yuan.

Economical Hotels atfer the Olympic integrated into a new round of competition
Because the price of low-star hotel downs, even the price of economical hotel has narrowed to 100 yuan, facing with low-star with more complete functional facilities, the price of economical hotel shows great advantages.

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Government

Filed under: Financial News — Tags: , , , — Nancy @ 8:16 pm -0700

Securities and Futures Commission: the implementation of a listed company to buy back without audits of regulatory commission
Yesterday, the China Securities Regulatory Commission released“ Supplemental Rules with regard to listed companies buying back shares by focusing on bidding transaction” (the draft).

Democratic amendment to 700 billion dollars rescue plan for CEO pay limit
Hexun news, according to the U.S.NBC TV( CNBC) on 21st Sept., reported that the U.S.Bush administration on Saturday (20) raised a total of 7000 billion dollars of financial rescue plan, and on the same day immediately sent to Congress to seek legislative approval.

Deputy Governor of Central Bank: Great concern of bank in the international financial market turbulence
“The Fifth China International Finance Forum ” is held in Shanghai, organized by Shanghai Lujia Mouth (600,663, shares) financial Expo Organizing Committee. People’s Bank of China Deputy Governor, Su Ning, director of the Shanghai headquarters, attended the forum.

Hong Kong Financial Secretary: AIG financial affairs integrity, policyholder need not worry
Hong Kong Commissioner of Insurance recently asked the two companies to submitted their latest financial statements. From the statements, their financial condition is both normal.

Ministry of Finance and other departments jointly issued a document: a small discount overdue loan guarantees
From the Ministry of Finance informed, that to do a good job in promoting employment and enhance the security of small loans to discount the financial management of funds, Ministry of Finance, People’s Bank of China, human resources Social Security recently jointly issued a “micro-finance loan guarantee fund management discount” to improve financial efficiency in the use of funds discount.

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